There’s a difference between knowing what the risks are and managing them, as Martin Vaughan discovers, and it’s up to PMOs to understand and guide others on how to handle risk in their overall strategy.
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Within the industry there is a common understanding that an issue is a realised risk. Guy Wilmington points out, however, that it may not be too late for a project manager to treat it.
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Working with senior stakeholders to optimise the value of a portfolio of projects is a complex process influenced by the innate bias in most people including risk and loss aversion and the preference for ‘quick wins’ over long-term gain. Pat Weaver explains how we can look past these biases.
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Project, program and portfolio managers alike will be familiar with contrasting the likelihood of a risk occurring with the consequence should the risk eventuate to determine a risk rating. Guy Wilmington shows how there’s more to risk ratings than the matrix.
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Often those of us involved in a project are simply too close to daily issues to see the potential for real value-adding innovations and opportunities, writes Roger La Salle. Here’s how to find inspiration from outside a project.
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You are not impervious to having troubled projects in your portfolio. Any project can fail. Even the most seasoned and skilled project manager may, at one time or another, find themselves at the helm of a troubled project. PM Oracles gives advice on how to spot a troubled project and suggests some lifesaving suggestions.
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When the project manager hands over the facility/structure to the client this stage will usually involve a defects liability period that will involve working in occupied premises and may include commissioning of plant and management equipment into service. Here are some safety considerations for this part of the project lifecycle, suggests Paul Sancandi.
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This article by Paul Sancandi provides an overview and summary of the key tasks in the management for safer construction during theconstruction stage of the project lifecycle.
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Many organisations choose to run groups of related projects as a portfolio, aiming to create synergies and savings by managing them together. Risk is one of the most important aspects that must be managed at portfolio level, writes Risk Doctor David Hillson.
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The design stage converts the planning concepts and the preferred technical solution for a facility/structure into drawings and technical specifications. Project safety is an integral component of the design process, writes Paul Sancandi.
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